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  • Commerce ministry plans workshops in different states to implement agri-export policy

    14 January, 2019 9:00 AM 58

    The commerce ministry is planning a series of workshops in states including Maharashtra, Gujarat and Uttar Pradesh to implement its export policy for agricultural goods with a view to boost overall shipments, an official said. The ministry has suggested states to set up a nodal agency dedicated for the implementation of the agriculture export policy

  • Cyient climbs 4% ahead of board meeting to consider share buyback

    14 January, 2019 8:31 AM 45

    Company, on January 17, will also consider the un-audited financial results for the quarter ended December 31, 2018. Cyient shares gained 4.4 percent intraday Monday ahead of the meeting of board of directors to consider share buyback later this week. "Board meeting is scheduled to be held on January 17, 2019, to consider a proposal for buyback of the equity

  • Flipkart founder Sachin Bansal takes a $21 million ride in Ola

    14 January, 2019 8:23 AM 52

    Sachin Bansal has invested Rs 150 crore in ride hailing firm Ola, a week after it raised $74 million from existing investor Steadview Capital, according to documents filed with the Registrar of Companies (ROC) sourced from data intelligence firm PaperVC. Bansal, who is also setting up a $1 billion fund, has invested here in his individual capacity

  • Wholesale inflation at 3.8% in December vs 4.64% in November

    14 January, 2019 6:37 AM 45

    Wholesale prices index in India eases to 8-month low at 3.8 percent in December 2018, compared with 4.64 percent in the preceding month due to lower food and vegetables prices, data released by the Commerce and Industry Ministry showed. Inflation for October was revised to 5.54 percent from 5.28 percent. The Wholesale Price Index (WPI) is a marker for price

  • Buy Bharat Electronics, says Sumit Bilgaiyan

    14 January, 2019 6:16 AM 47

    Bharat Electronics designs, manufactures, supplies, and exports electronic equipment and systems for the defense and civilian markets. It has reported excellent results for Q2FY19. Sales grew by 36.7 percent YoY to Rs 3381.41 crore while EBITDA grew by 44.1Â percent to Rs 854.44 crore and PAT increased by 38.5 percent to Rs571.31 crore as against Rs 412.4 crore

  • Buy Apollo Hospitals, says Sumit Bilgaiyan

    14 January, 2019 6:16 AM 63

    than 10,000 beds. It also operates 3167 retail pharmacies; approximately 500 retail healthcare centers; approximately 148 telemedicine units; and 1 research foundation. Company has reported excellent results for H1FY19, income has improved by 13.13 percent YoY to Rs 4000.51 crore while PAT increased by 31.13 percent to Rs 139.14 crore as against Rs 106.11 crore

  • China's global trade surplus fell in 2018: Customs

    14 January, 2019 4:28 AM 43

    China's global trade volume rose last year but its surplus fell again as its imports outpaced its exports, official data released Monday showed amid a bruising trade war with the United States. Total trade reached $ 4.62 trillion, a 12.6 percent rise from 2017, according to customs data. But the trade surplus for the world's second largest economy fell 16.2 percent

  • Indonesia finds cockpit voice recorder of crashed Lion Air jet

    14 January, 2019 4:06 AM 44

    Indonesia has found the cockpit voice recorder from a Lion Air plane more than two months after the Boeing Co 737 MAX jet crashed into the sea near Jakarta, killing all 189 on board, an official said on Monday. "It's been found, but we have not received information of the location yet," Haryo Satmiko, deputy chief of Indonesia's transport safety committee

  • Justice AK Sikri withdraws consent to govt offer to nominate him to CSAT

    13 January, 2019 3:26 PM 125

    Sources close to the second senior-most judge after the Chief Justice of India told PTI that the consent was withdrawn on the evening of January 13 when the judge wrote to the government. Justice AK Sikri on January 13 withdrew his consent to a government offer to nominate him for president/member in the London-based Commonwealth Secretariat Arbitral

  • Syndicate Bank hopes to recover Rs 1,500 crore from NPAs

    12 January, 2019 4:41 PM 57

    Currently, Syndicate Bank has a total business of roughly around Rs 4.80 lakh crore, Syndicate Bank hopes to recover about Rs 1,500 crore from non-performing assets (NPAs) over the next three to six months, chief executive officer and managing director of the bank Mrutyunjay Mahapatra said. The bank is adopting a combination of methods to recover bad loans